80 Virginia Street Kingston, Ontario K7K 5Y4

210,000 sqft
None Radiant Heat

$4,750,000

Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside. (id:28469)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X13124720
Property Type Multi-family
Community Name 23 - Rideau

Building

Cooling Type None
Heating Type Radiant Heat
Size Interior 210,000 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Size Depth 295 Ft ,1 In
Size Frontage 135 Ft
Size Irregular 135.05 X 295.16 Ft
Size Total Text 135.05 X 295.16 Ft
Zoning Description B1

Contact Us

Contact us for more information

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Jordan Mcgregor
Salesperson

(613) 483-4052
therealestategroup.ca/

RE/MAX Rise Executives, Brokerage
110-623 Fortune Cres
Kingston, Ontario K7P 0L5

(613) 546-4208
www.remaxrise.com/

Kateryna Topchii
Salesperson

(613) 893-7653
katerynatopchii.remaxrise.com/
www.facebook.com/kateryna.topchii.bsk/
www.instagram.com/kateryna_topchii/

RE/MAX Rise Executives, Brokerage
110-623 Fortune Cres
Kingston, Ontario K7P 0L5

(613) 546-4208
www.remaxrise.com/